Antero Midstream Corp (NYSE:AM) Receives $11.25 Average Price Target from Brokerages

Shares of Antero Midstream Corp (NYSE:AM) have received a consensus rating of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $11.25.

A number of research analysts recently commented on AM shares. Raymond James cut Antero Midstream from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 28th. Wells Fargo & Co lowered shares of Antero Midstream from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $10.00 to $8.00 in a report on Wednesday, November 6th. Barclays set a $8.00 price objective on shares of Antero Midstream and gave the company a “hold” rating in a research report on Tuesday, October 15th. ValuEngine downgraded shares of Antero Midstream from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, Robert W. Baird dropped their target price on shares of Antero Midstream from $15.00 to $9.00 and set an “outperform” rating for the company in a research report on Monday, September 9th.

NYSE:AM traded down $0.04 on Friday, reaching $4.55. 1,095,577 shares of the company’s stock traded hands, compared to its average volume of 7,171,870. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.75. The stock has a 50-day simple moving average of $6.37 and a 200-day simple moving average of $8.93. The firm has a market cap of $2.31 billion, a PE ratio of 13.77, a P/E/G ratio of 0.90 and a beta of 1.13. Antero Midstream has a 12 month low of $4.57 and a 12 month high of $15.45.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Tuesday, October 29th. The pipeline company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.19. Antero Midstream had a positive return on equity of 13.53% and a negative net margin of 32.31%. The firm had revenue of $243.80 million during the quarter, compared to analyst estimates of $269.56 million. The business’s revenue for the quarter was up 544.6% on a year-over-year basis. On average, equities analysts anticipate that Antero Midstream will post 0.88 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, November 1st were paid a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a yield of 27.11%. The ex-dividend date of this dividend was Thursday, October 31st. Antero Midstream’s payout ratio is presently 372.73%.

In related news, insider K. Phil Yoo sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $6.97, for a total value of $104,550.00. Following the sale, the insider now owns 301,955 shares in the company, valued at $2,104,626.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Yorktown Energy Partners Viii, sold 12,713 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $48.31, for a total transaction of $614,165.03. Over the last three months, insiders have sold 25,848,998 shares of company stock valued at $169,901,689.

Several large investors have recently modified their holdings of AM. Quest Capital Management Inc. ADV acquired a new stake in Antero Midstream during the 3rd quarter worth approximately $32,000. Lee Financial Co acquired a new stake in Antero Midstream in the second quarter valued at $61,000. Oppenheimer Asset Management Inc. bought a new position in Antero Midstream during the 3rd quarter valued at $65,000. Nisa Investment Advisors LLC bought a new position in Antero Midstream during the 3rd quarter valued at $74,000. Finally, LS Investment Advisors LLC acquired a new position in Antero Midstream during the 3rd quarter worth $78,000. 67.33% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Company Profile

Antero Midstream Corporation owns and operates midstream energy assets servicing rich gas production in North America. It owns and operates an integrated system of natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins.

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Analyst Recommendations for Antero Midstream (NYSE:AM)

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